Shanghai Pudong Airport appears desolate (video screenshot).
[People News] In an effort to resolve its financial woes, the Chinese Communist Party (CCP) has begun targeting corrupt officials and the wealthy, while local governments at the grassroots level are imposing bizarre fines on ordinary citizens to ease fiscal pressure. Recently, the CCP has turned its sights on citizens investing in U.S. stocks, issuing back-tax notices to increase government revenue. Meanwhile, following the implementation of outbound travel restrictions in cities like Shanghai, Xiamen, and Shenzhen, many netizens have expressed concern over the CCP’s tightening control on citizens.
In recent years, the CCP has continually intensified its restrictions on speech and personal freedom within the country. Now, even citizens investing in U.S. stocks are becoming alarmed after being targeted by the regime. Some netizens interpret this as the CCP’s final frenzy before its collapse.
According to a report by Newtalk News, Twitter user “Truth of Finance” posted that a large number of people in China who have invested in U.S. stocks have recently received official text messages and phone calls requiring them to report to tax authorities and pay back taxes on overseas income. The affected overseas securities firms include Tiger Brokers, Futu, Bright Smart Securities, Phillip Securities, and Prosperity Securities. “Truth of Finance” believes that the investment information and personal data held by these brokers may become key materials for the CCP’s tax collection efforts, and predicts that brokerage firms in Singapore may also be targeted in the future.
“Truth of Finance” warned Chinese citizens with large sums of capital not to invest through Hong Kong bank cards, stating, “Otherwise, you could be the next target of the CCP.”
Another Twitter user, “Uncle Bao,” posted that several of his friends living in major cities such as Beijing and Shanghai have received tax audit notices within the past week, and have been summoned to the tax bureau to pay back taxes. He noted that individuals who opened investment accounts through Hong Kong brokers and have potential tax liabilities exceeding 100,000 RMB have already received tax collection notices — “basically, no one can escape.”
“Uncle Bao” added that since the United States is not part of the Common Reporting Standard (CRS), those investing through U.S. brokers have not yet been targeted by the CCP’s tax collection campaign. Using his friends as examples, he explained that two of them invested similarly — one through a Hong Kong broker and the other through a U.S. broker. The former has already been pursued by the CCP for over 2 million RMB in taxes, while the latter has not yet been struck by the regime’s “iron fist.”
In addition to scrutinising citizens’ investment fund flows, the CCP is also increasingly restricting personal freedom.
According to YouTube user “Hu Xingmu TV” on May 22, Shenzhen recently issued a sudden ban prohibiting citizens from leaving the country at will, plunging the city into fear. Citizens whispered on social media, while unease and anger spread through the streets and alleys. “Hu Xingmu TV” reported that the CCP plans to introduce an unprecedented new exit-entry control policy, using Shenzhen as a pilot site. The plan includes strict background and asset checks for all citizens intending to travel abroad. The official justification is national security, to curb illegal immigration and capital flight. However, the true motive appears much darker: by locking down passports and closing the borders, the regime aims to trap hundreds of millions of citizens behind an invisible iron curtain, completely suppressing the surging tide of emigration and illegal border crossings. This policy is not only a blatant deprivation of personal freedom, but also a dangerous signal of China moving toward full-scale isolation.
Twitter user “Daniel Fang” posted that recently, in Shanghai, reports emerged that the government was restricting all citizens’ overseas travel plans under the guise of “national security reviews.” Many people were intercepted while applying for travel documents or boarding flights, and were forced to cancel their travel plans. Following Shanghai’s implementation, Xiamen also recently introduced new outbound travel inspection policies, restricting citizens’ overseas plans.
In response to the CCP’s travel ban, some netizens commented that, perhaps in the eyes of the regime, “chives” (a slang term for ordinary people exploited by the authorities) have become state assets. “If you let the chives run away, there’s nothing left for the sickle to cut,” one user said. Other comments include: “Not only are passports being confiscated, even Beijing insiders must fill out forms when leaving the city for holidays — time, place, purpose. It’s one giant prison.” “My relative working in a fourth-tier city had their passport confiscated.” “China has no more foreign exchange. They can’t let people go abroad and spend it anymore. Of course, this doesn’t apply to the Zhao family (the elite).” “My friend’s retired father had his green card taken away by his former work unit (his passport was also confiscated), supposedly to be returned when needed. Now they flatly refuse to return the green card, saying retired civil servants aren’t allowed to emigrate. He has the plane ticket in hand, helpless and in tears.” “If this isn’t regressive tyranny, what is?” “The more dissatisfied people become, the more mass incidents we’ll see.”
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